Companhia Brasileira de Distribuição (NYSE:CBD) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Companhia Brasileira de Distribuição (NYSE:CBDGet Rating) from a buy rating to a hold rating in a report issued on Friday morning.

Separately, JPMorgan Chase & Co. cut Companhia Brasileira de Distribuição from an overweight rating to a neutral rating in a research report on Monday, July 25th.

Companhia Brasileira de Distribuição Trading Down 2.4 %

NYSE:CBD opened at $3.31 on Friday. Companhia Brasileira de Distribuição has a twelve month low of $2.73 and a twelve month high of $5.59. The company has a fifty day moving average of $3.87 and a 200-day moving average of $3.71. The company has a current ratio of 1.07, a quick ratio of 0.64 and a debt-to-equity ratio of 0.35.

Institutional Investors Weigh In On Companhia Brasileira de Distribuição

A number of institutional investors and hedge funds have recently bought and sold shares of CBD. SG Americas Securities LLC lifted its position in Companhia Brasileira de Distribuição by 20.0% during the second quarter. SG Americas Securities LLC now owns 40,784 shares of the company’s stock valued at $126,000 after buying an additional 6,793 shares during the period. UBS Group AG raised its position in Companhia Brasileira de Distribuição by 0.8% in the 3rd quarter. UBS Group AG now owns 1,120,359 shares of the company’s stock worth $3,966,000 after buying an additional 9,409 shares during the last quarter. Atlas Capital Advisors LLC grew its stake in shares of Companhia Brasileira de Distribuição by 872.8% during the 1st quarter. Atlas Capital Advisors LLC now owns 10,779 shares of the company’s stock valued at $54,000 after purchasing an additional 9,671 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Companhia Brasileira de Distribuição during the 1st quarter valued at about $53,000. Finally, Quadrant Capital Group LLC grew its stake in shares of Companhia Brasileira de Distribuição by 4,301.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 10,960 shares of the company’s stock valued at $39,000 after purchasing an additional 10,711 shares during the period. 5.22% of the stock is owned by hedge funds and other institutional investors.

Companhia Brasileira de Distribuição Company Profile

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Companhia Brasileira de Distribuição engages in the retail of food, clothing, home appliances, electronics, and other products through its chain of supermarkets, specialized stores, and department stores in Brazil. It operates in Brazilian Retail, Grupo Éxito, and Other Businesses segments. The company sells non-perishables, beverages, fruits, vegetables, meat, breads, cold cuts, dairy products, cleaning products, disposable products, and personal care products; and home appliances and other non-food products, such as clothing and baby items, shoes and accessories, household articles, books, magazines, CDs and DVDs, stationery, toys, sports and camping gears, furniture, mobile phones, mattresses, pet products, and gardening equipment and tools, as well as electronic products, including personal computers, software, computer accessories, and sound and image systems.

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